CF Bankshares Inc. (CFBK) and its wholly owned banking subsidiary, CFBank, N.A. announced that Chad Owens joins CFBank as the leader of its expanding Equipment Finance business, reporting directly to Brad Ringwald, Chief Commercial Banking Officer, and will work closely with all regional commercial banking teams. Owens brings 25 years of experience in equipment finance and commercial banking with expertise working directly with middle-market businesses throughout Ohio and the surrounding region to provide capital equipment financing solutions.

Based in Columbus, OH, Owens will drive the expansion of CFBank's middle-market and small-ticket equipment finance operation throughout its expanded market focus which includes not only Ohio but all contiguous states Indiana, Michigan, Pennsylvania, West Virginia and Kentucky. CFBank continues to add and enhance its commercial lending products and capabilities in support of its boutique commercial banking model, serving the needs of entrepreneurs and privately held businesses.

Brad Ringwald, Chief Commercial Banking Officer, said, "We are excited to welcome Chad Owens to our CFBank Commercial team. Chad's extensive background and experience in equipment finance allow us to expand this important line of business, which, from our collective experience, affords high-growth opportunities and allows us to open doors to develop new commercial client relationships. We are excited to have Chad's leadership as we continue to expand our top-tier lending products and teams."

Owens said, "I'm excited and feel fortunate to join the CFBank team and reunite with members I've known for several years. I've lived in Worthington, Ohio, for 15 years and have covered Ohio and surrounding states for almost 20 years. CFBank's boutique commercial model is a proven success, and I can't wait to participate in its future growth."

CF Bankshares Inc. is a holding company that owns 100 percent of the stock of CFBank, National Association (CFBank). CFBank is a nationally chartered boutique Commercial bank operating primarily in four Major Metro Markets: Columbus, Cleveland and Cincinnati, OH, and Indianapolis, IN. The current leadership team and board recapitalized the company and CFBank in 2012 during the financial crisis, repositioning CFBank as a full-service Commercial Bank model. Since the 2012 recapitalization, CFBank has achieved a CAGR of 25 percent.

CFBank focuses on serving the financial needs of closely held businesses and entrepreneurs, by providing comprehensive Commercial, Retail and Mortgage Lending services presence. In all regional markets, CFBank provides commercial loans and equipment leases, commercial and residential real estate loans and treasury management depository services, residential mortgage lending, and full-service commercial and retail banking services and products.